Front Page: Nations gather for summit to save the euro

8th December 2011


Difficult year ahead for export companies

China's exports may slow further next year on weakening demand in developed economies and rising costs at home. China Daily


Russian Banks' core business buck market trends

Unrest in European financial markets cut the net results of Russian banks in 3Q 2011. Russia Today


FM says economy in difficult situation

Finance minister Pranab Mukherjee on Wednesday told the Lok Sabha that India's economy was in a "difficult situation" due to slowing growth, stubborn inflation and a widening fiscal deficit. Times of India


Government is considering releasing $ 90 billion to banks to revive the economy

Brasilia- after the stagnation of economic activity in the third quarter, the government is working to expand and lower the credit in the country. O Globo


Sterner competition law yet to come into force

Parliament passed the Competition Amendment Act more than two years ago, and the president signed it into law, yet there is still no word on its implementation. Business Day


Developed Markets

Nations gather for summit to save the euro

Europe is scrambling to forge a landmark pact aimed at deepening integration and quelling a debt crisis that has become a top threat to the global economy. Washington Post


MPC set to hold rates and quantitative easing 

Bank of England not expected to announce more measures to aid economy after rate meeting today, despite worse-than-expected manufacturing figures from October. The Telegraph


The Banque de France provides no growth in the fourth quarter

In a second estimate published Thursday, the Bank of France maintains its forecast of zero growth for the French economy in the fourth quarter. Lemonde


Frontier Markets

Global airlines bracing for heavy Europe crisis impact

Airlines worldwide face over $8bn in losses next year if Europe's politicians fail to get to grips with the region's debt crisis, the industry's leading trade group warned yesterday. Gulf Times


Traders favour exclusion from Syria sanctions, not financial compensation

Merchants are worried that Jordan may accept financial compensation for abiding by Arab economic sanctions against Syria, according to Jordan Chamber of Commerce (JCC) President Nael Kabariti. Jordan Business News


Union wants to lower the VAT for restaurants

Estonian Hotel and Restaurant Association (EHRA) a letter sent to the Finance Committee of the Riigikogu on the proposal to remove fringe benefit of catering services catering services and a reduction of nine per cent value added tax. Delfi Majandus


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